Silicon Valley

Credit Suisse Data Science Team Leaves to Set up AI Shop, sees Google and Alibaba as the New Competition

About a year and a half ago, Jonathan Wilmot, Credit Suisse’s Chief Global Strategist and Head of Macro Research after over 30 years with the firm, took the data science department and started his own AI investment boutique, WilmotML – as in Machine Learning. Aric Whitewood, CS’s Head of Data Science for seven years, left …

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JP Morgan and AI: „This is not Pie-in-the-Sky Stuff“

JP Morgan has been extremely busy in the last few years following the tech giants’ blueprint for AI: hire the best people, make headlines, re-invent the business, and… make money in the process. The firm’s public AI website, a part is shown below, highlights tech efforts around AI, FinTech, Blockchain, Development and Digital Payments. 40% …

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Manulife/John Hancock and their “LOFTy” AI Ambitions – now in Silicon Valley

Canada has always been a (quiet) leader of AI in its own right, with MILA, CIFAR, et al. Manulife in Toronto owns John Hancock in Boston (combined AUM C$1 trillion+) and they have been playing with AI for insurance and investment management in a variety of ways. Manulife – and under its John Hancock brand in …

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Apple Looks To AI in New Industries For Post iPhone Era, including Financial Services

In many ways, Apple is on top of the business world because of the iPhone. Technology and foresight allowed Apple to become one of the top three global companies by market cap thanks to the iPhone. Fourth quarter 2018 numbers showed $62.9 billion in revenues and the shipment of Apple’s 2 billionth iOS device, “with …

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Stanford launches Human-Centered AI Institute: Human – Augment – Intellect

Today Stanford is launching the Institute for Human Centered Artificial Intelligence (HAI), for interdisciplinary research including academia, regulators and industry on future and emerging tech. It will be called Stanford HAI – high indeed. The two directors are academia superstars: Fei-Fei Li, the former Google Cloud Chief Scientist that publicly led the Google discussions on …

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Silicon Valley AI Startups, and how they sell to firms like Amazon, Google and Walmart

Venky Harinarayan and Anand Rajaraman first met at the Indian Institute of Technology, Madras and, while getting advanced computer science degrees at Stanford (and sharing an office with Sergey Brin), founded Junglee, a shopping search engine enabling customers to search for products from online and offline retailers in India, in 1996 (later bringing on two …

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Facebook hires Chief Data Scientist, Google hires Technical AI Director – both let them continue with consulting and research efforts: Flexicurity for AI Stars.

When Mark Zuckerberg last year hired Xin Fu as Head of Data Science from LinkedIn, the most interesting aspect for us was that he is letting him continue to be an advisor to Didi Chuxing’s CTO and Lynk Global’s CEO. Similarly, Google recently hired Amazon’s Senior Director for Alexa AI, Ashwin Ram, as Technical Director …

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China Names Former ICBC Leader As CSRC Chairman, Focus on Tech and Innovation

Yi Huiman, former head of the Industrial and Commercial Bank of China (ICBC), named as new chairman of the China Securities Regulatory Commission (CSRC), with the expectation to focus on innovation and technology in partnership with the tech board. To read the full China/AI case study, please register below.

Facebook To Put FB, Messenger, WhatsApp and Instagram into One Platform

Facebook is taking greater control over the back-end connections between Facebook, Messenger, Instagram and WhatsApp, including encryption. The initiative is supposed to be implemented by 2020 and comes directly from CEO Zuckerberg. As mashable reports, Facebook is looking to stop the fading interest in the social network and hopes to benefit from the popularity of …

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JP Morgan Hires Senior Director for Data Science from SalesForce in AI Hiring Push

As said earlier this week, JP Morgan is continuously ramping up AI hiring efforts. Two months ago they snapped up the Chief Data Officer from Salesforce for their west coast AI efforts. Asset Management and AI, just the beginning… Naren Chittar sold his four staff company MinHash to Salesforce and joined the company as Senior …

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